J. W. Coons Advisors LLC Invests $230,000 in Jabil Inc. (NYSE:JBL)

J. W. Coons Advisors LLC bought a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, HoldingsChannel reports. The fund bought 1,600 shares of the technology company’s stock, valued at approximately $230,000.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Jabil during the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. increased its stake in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Jabil during the fourth quarter worth $43,000. Brooklyn Investment Group acquired a new position in Jabil during the third quarter valued at $39,000. Finally, Cromwell Holdings LLC boosted its holdings in Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JBL shares. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.83.

Jabil Stock Down 2.0 %

Shares of JBL opened at $159.28 on Tuesday. The firm has a market cap of $17.39 billion, a P/E ratio of 15.27, a PEG ratio of 1.65 and a beta of 1.23. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock’s 50 day moving average is $157.71 and its two-hundred day moving average is $133.59. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 EPS. Analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by corporate insiders.

Jabil Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).